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Thu, December 19, 2024
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ADIO and EXIM forge MoU to boost US-UAE trade in key sectors


Published on 2024-12-19 02:00:46 - Arabian Business
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  • It marks a significant milestone in facilitating the import and export of raw materials, services and technology, particularly in priority sectors

The Abu Dhabi Investment Office (ADIO) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding (MoU) aimed at enhancing trade and investment between the US and the UAE, focusing on sectors like clean energy, health care, and technology. This agreement will facilitate access to financing for US companies looking to export to the UAE, thereby fostering economic growth, job creation, and innovation in both countries. The MoU was signed during a visit by US Commerce Secretary Gina Raimondo to the UAE, highlighting the strategic partnership between the two nations. This collaboration is expected to not only boost bilateral trade but also support the UAE's economic diversification efforts and the US's interest in expanding its export market.

Read the Full Arabian Business Article at:
[ https://www.arabianbusiness.com/industries/banking-finance/adio-and-exim-forge-mou-to-boost-us-uae-trade-in-key-sectors ]